K
Seller's Agent in 2021
Kenneth Jacobi
South State Real Estate Managment, Inc.
(213) 453-1736
1 in this area
8 Total Sales
11220 Palm Dr Desert Hot Springs, CA 92240
21
Beds
21
Baths
10,000
Sq Ft
0.39
Acres
Highlights
- Filtered Pool
- 0.39 Acre Lot
- Furnished
- Primary Bedroom Suite
- Corner Lot
- Den
About This Home
As of December 20212 Townhouse style front unit/owner unit, 2 Bed 1.5 Bath, one of the two has a a balcony and view, as well as a suite on the far side. 90%-100% occupied at any given time. Boutique hotel, motel and spa, 19 units with kitchenet. Desert Hot Springs, great location, adjacent to Palm Desert and Palm Springs. Appraised over a year ago for $2.450,00.00 . Price per rooms are average $349.00 per week, (lowest in the area). Used to be an apartment structure, every unit is equipped with separate meters. This property has huge upside potential. With $390,000 down owner will carry balance. Please do not disturb the Manager
Last Agent to Sell the Property
South State Real Estate Managment, Inc. License #00797202 Listed on: 03/03/2021
Last Buyer's Agent
Kenneth Jacobi
License #00797202
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $26,675
Year Built
- Built in 1966
Lot Details
- 0.39 Acre Lot
- Corner Lot
- Corners Of The Lot Have Been Marked
- Front Yard Sprinklers
Home Design
- Flat Roof Shape
- Slab Foundation
- Stucco
Interior Spaces
- 10,000 Sq Ft Home
- 2-Story Property
- Furnished
- Ceiling Fan
- Den
Kitchen
- Kitchenette
- Oven
- Microwave
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 21 Bedrooms
- Primary Bedroom Suite
- 21 Bathrooms
- Shower Only
Parking
- 15 Parking Spaces
- Driveway
Pool
- Filtered Pool
- In Ground Pool
- Spa
- Fence Around Pool
- Pool Tile
Outdoor Features
- Porch
Utilities
- Window Unit Cooling System
- Heating Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 639-261-004
Community Details
Recreation
- Community Spa
Additional Features
- 19 Units
- Laundry Facilities
- Vacancy Allowance $1,500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 3, 2021
Closed on
Nov 15, 2021
Sold by
Borisova Alena
Bought by
Tzadok Tomer
Seller's Agent
Kenneth Jacobi
South State Real Estate Managment, Inc.
Buyer's Agent
Kenneth Jacobi
List Price
$1,885,000
Sold Price
$1,885,000
Purchase Details
Listed on
Mar 3, 2021
Closed on
Nov 4, 2021
Sold by
Re Notes Instruments & Investments Llc
Bought by
Tzadok Tomer
Seller's Agent
Kenneth Jacobi
South State Real Estate Managment, Inc.
Buyer's Agent
Kenneth Jacobi
List Price
$1,885,000
Sold Price
$1,885,000
Purchase Details
Closed on
May 4, 2017
Sold by
Roseian Vi Llc
Bought by
Re Notes Instruments & Investments Llc
Purchase Details
Closed on
Aug 26, 2013
Sold by
Bakhshyan Narine
Bought by
Roseian Vi Llc
Purchase Details
Closed on
Jun 18, 2012
Sold by
Vardanyan Armen
Bought by
Bakhshyan Narine
Purchase Details
Closed on
Jun 6, 2012
Sold by
Rain Choi Motel Llc
Bought by
Bakhshyan Narine
Purchase Details
Closed on
Sep 22, 2011
Sold by
Choi Terry
Bought by
Rain Choi Motel Llc
Purchase Details
Closed on
Dec 30, 2004
Sold by
Cha Ok Song and Lee Pil Goo
Bought by
Choi Terry
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$539,500
Interest Rate
5.73%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 9, 2004
Sold by
Park Hui Sook
Bought by
Lee Pil Goo and Cha Ok Song
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
6.27%
Mortgage Type
Commercial
Purchase Details
Closed on
May 2, 2001
Sold by
Jho Eengew
Bought by
Park Hui Sook
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,500
Interest Rate
7.03%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 26, 1994
Sold by
Shaffer David B and Shaffer Henrietta
Bought by
Yoon Young Ae
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,797
Interest Rate
8.38%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jul 25, 1994
Sold by
Jho Song Suk
Bought by
Jho Eengew
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,797
Interest Rate
8.38%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jul 6, 1994
Sold by
Kim Anderson Y and Kim Jong T
Bought by
Jho Eengew
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,797
Interest Rate
8.38%
Mortgage Type
Seller Take Back
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tzadok Tomer | -- | Chicago Title Company | |
| Tzadok Tomer | $398,000 | Chicago Title Company | |
| Re Notes Instruments & Investments Llc | $89,000 | Lawyers Title Company | |
| Roseian Vi Llc | $420,000 | Fidelity Natl Title Co Ie | |
| Bakhshyan Narine | -- | First American Title Ins Co | |
| Bakhshyan Narine | -- | First American Title Ins Co | |
| Rain Choi Motel Llc | $450,000 | None Available | |
| Choi Terry | $830,000 | Stewart Title | |
| Lee Pil Goo | $735,000 | Commonwealth Land Title Co | |
| Park Hui Sook | $550,000 | Chicago Title | |
| Yoon Young Ae | $6,000 | Orange Coast Title Co | |
| Jho Eengew | -- | Chicago Title Company | |
| Jho Eengew | $190,000 | Chicago Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Choi Terry | $539,500 | |
| Previous Owner | Lee Pil Goo | $465,000 | |
| Previous Owner | Park Hui Sook | $357,500 | |
| Previous Owner | Jho Eengew | $89,797 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/10/2021 12/10/21 | Sold | $1,885,000 | -4.8% | $189 / Sq Ft |
| 11/12/2021 11/12/21 | Pending | -- | -- | -- |
| 04/06/2021 04/06/21 | Price Changed | $1,980,000 | -19.2% | $198 / Sq Ft |
| 04/02/2021 04/02/21 | Price Changed | $2,450,000 | +30.0% | $245 / Sq Ft |
| 03/03/2021 03/03/21 | For Sale | $1,885,000 | -- | $189 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $26,675 | $1,971,723 | $456,319 | $1,515,404 |
| 2023 | $26,675 | $1,935,960 | $438,600 | $1,497,360 |
| 2022 | $25,630 | $1,898,000 | $430,000 | $1,468,000 |
| 2021 | $10,289 | $713,014 | $176,913 | $536,101 |
| 2020 | $9,836 | $705,703 | $175,099 | $530,604 |
| 2019 | $9,673 | $691,866 | $171,666 | $520,200 |
| 2018 | $10,161 | $678,300 | $168,300 | $510,000 |
| 2017 | $6,547 | $442,563 | $105,623 | $336,940 |
| 2016 | $6,358 | $433,886 | $103,552 | $330,334 |
| 2015 | $6,142 | $427,371 | $101,998 | $325,373 |
| 2014 | $6,056 | $419,000 | $100,000 | $319,000 |
Source: Public Records
Agents Affiliated with this Home
-
Kenneth Jacobi
Map
Source: The MLS
MLS Number: 21-700424
APN: 639-261-004
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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